Period: Aug 15, 2016 to Jan 20, 2017
Lead Plaintiff Deadline: Mar 27, 2017 + Deadline passed
Summary of Case:
A securities class action has been filed against Aetna Inc. ("Aetna") on behalf of investors who purchased or otherwise acquired the common stock of the Company during the period between August 15, 2016 and January 20, 2017. This case has been filed in the USDC - Connecticut .
The Complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company and its senior executives attempted to leverage Aetna's participation in the Public Exchanges for favorable treatment from regulators regarding the Humana acquisition; (2) the Company threatened to limit its participation in public health insurance exchanges if the Department of Justice ("DOJ") attempted to block the merger; (3) Aetna did not withdraw from certain public health insurance exchanges for business reasons as Defendants claimed, but to follow through on its threat of leaving the marketplace once the DOJ filed suit and to improve its litigation position; (4) Aetna withdrew from public health insurance exchanges that were profitable for the Company; and (5) as a result of the foregoing, Defendants' statements about Aetna's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.